Bitcoin Gold (BTG)

Current price: $ 13.21

24 hours price change: $ 0.93 (7.57%)

Daily analysis of Bitcoin Gold (BTG) - 1 month

The performance of Bitcoin Gold regarding the price differs every day. To make the best decision to buy Bitcoin Gold, we are analysis in this article the performance of Bitcoin Gold on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 19th, 2018 to December 18th, 2018.

In the barchart below, the weekdays and average performance of Bitcoin Gold are shown side by side.

Average daily change in price of Bitcoin Gold per weekday between 11/19/2018 and 12/18/2018.

According to the performance of Bitcoin Gold between November 19th, 2018 and December 18th, 2018, Bitcoin Gold performed the best on Fridays. On average, the price of Bitcoin Gold increased 1.53% on Friday.

The weekday on which the Bitcoin Gold performed the worst, is Saturday. On Saturdays, the Bitcoin Gold declined in value on average by -2.32%.

Bitcoin Gold weekday performance

Bitcoin Gold increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Gold was 0.29%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.66%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Gold is expected to be in the range of -0.36% and 0.95%.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin Gold is -0.09%. However, the standard deviation on this weekday is 0.37%. This means that on most Mondays, the change in value of the Bitcoin Gold is between -0.46% and 0.28%.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bitcoin Gold is -0.22%. However, the standard deviation on this weekday is 1.54%. This means that on most Tuesdays, the change in value of the Bitcoin Gold is between -1.76% and 1.32%.

On Wednesdays, the Bitcoin Gold decreases in value on average with -0.74%. On most of the Wednesdays the Bitcoin Gold decreases in value between -3.20% and 1.72%. The uncertainty (2.46%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Bitcoin Gold on Wednesdays is large.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin Gold is -0.21%. However, the standard deviation on this weekday is 1.44%. This means that on most Thursdays, the change in value of the Bitcoin Gold is between -1.65% and 1.22%.

On an average Friday the Bitcoin Gold shows a high increase in value, namely 1.53%. The standard deviation is below the average increase percentage (standard deviation is 1.46%), meaning that on 68% of the Fridays the Bitcoin Gold will increase with a percentage between 0.08% and 2.99%. This also means that, on average, on 16 percent of the Fridays, the Bitcoin Gold will increase with a percentage above this range. On the other 16% of the Fridays, the Bitcoin Gold will change with a percentage below the 0.08%.

The Bitcoin Gold declines in value on an average Saturday with -2.32%. However, the uncertainty (or standard deviation) is quite large, namely 3.91%. This means that it is not possible to say whether on a regular Saturday the Bitcoin Gold will increase or decrease in value.

Bitcoin Gold weekday performance details

Find below the details of the performance of Bitcoin Gold per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.